News

Note: This section contains information in English only.
Sun, 13 Sep 2020 03:29:02 GMT

Greece to buy Rafale jets from France

Greece is set to boost armed forces through the purchase of 18 Rafale fighter jets and four frigates from France and to hire 15K army personnel over the next five years.

Sat, 12 Sep 2020 20:49:29 GMT

Gilead to buy Immunomedics

Gilead Sciences was nearing a deal to acquire biopharmaceutical firm Immunomedics Inc for more than $20B, the WSJ reported, citing sources familiar with the matter.

Sat, 12 Sep 2020 19:42:39 GMT

FAA to start training review of 737 MAX

The US Federal Aviation Administration is set to launch a training review of the grounded Boeing 737 MAX this Monday in London that can potentially return the planes to service.

Sat, 12 Sep 2020 18:41:38 GMT

Softbank close to Arm Holdings sale

SoftBank Group is getting closer to the sale of Arm Holdings, the UK chip designer, to Nvidia Corp in a deal worth over $40B, according to the Wall Street Journal's report published on Saturday.

Sat, 12 Sep 2020 17:45:06 GMT

Apple reconsiders App Store guidelines

Apple Inc has revised its App Store guidelines, easing restrictions on online classes, streaming game services and developers' usage of the in-app purchase system.

Sat, 12 Sep 2020 17:11:20 GMT

China bans pork imports from Germany

On Saturday, China has banned German pork imports after confirming the African swine fever's first case last week; a decision that will harm German producers and lift global prices.

Sat, 12 Sep 2020 16:19:47 GMT

Xi urges China to speed up technology innovation

The President Xi Jinping has called on his country to step up technological innovation as well as accelerate financial support for a basic scientific research.

Sat, 12 Sep 2020 15:25:17 GMT

ByteDance plans significant investment in Singapore

TikTok's owner ByteDance is planning an investment of billions of dollars in Singapore with the further recruitment of hundreds of employees, as the company chose to set regional headquarters there, Reuters reported.

Sat, 12 Sep 2020 13:54:26 GMT

Spain seeks to tax instant messaging services

Spain has proposed to impose a tax on the WhatsApp-like companies that provide instant messaging services, based on the firms' revenue, according to a senior government official's statement.

Sat, 12 Sep 2020 13:19:38 GMT

Microsoft rolls out Xbox cloud service

Microsoft has rolled out the Xbox cloud gaming service at the price of $1 during the first month for its new users, aiming to lure casual gamers and outrace its rival Sony.

Sat, 12 Sep 2020 12:18:05 GMT

Citigroup picks BoA exec to run ICG compliance

Citigroup Inc has hired Bank of America's executive Jennifer Taylor to head compliance for the lender's Institutional Clients Group based in the United Kingdom.

Sat, 12 Sep 2020 11:08:52 GMT

Tesla to export Model 3 cars to Asia, Europe

Tesla announced its plans to export Model 3 cars made in China to the markets of Asia and Europe, according to two sources familiar with the matter.

Sat, 12 Sep 2020 10:00:04 GMT

SoftBank to review options trading strategy

According to the Bloomberg News, SoftBank Group Corp is plannig to review and adjust its options investment strategy into tech companies.

Sat, 12 Sep 2020 09:37:29 GMT

Apple softens App Store rules

On Friday, Apple Inc published a revised version of its App Store guidelines, softening some restrictions after recent conflicts with Hey publicly, Epic Games and others.

Sat, 12 Sep 2020 08:36:37 GMT

FAA to start reviewing 737 MAX

The US Federal Aviation Administration (FAA) to conduct a training review of the Boeing 737 MAX on Monday to check whether it is eligible for flights.

Sat, 12 Sep 2020 07:01:11 GMT

Genting Malaysia invests $150M into Empire Resorts

Genting Malaysia, the casino operator, has injected $150M cash into the US-based firm Empire Resorts, citing financing and working capital purposes.

Sat, 12 Sep 2020 05:41:05 GMT

Tesla considers buying Canada's low carbon nickel

Tesla has entered talks with Canada's miner Giga Metals, offering help in the large mine development for the access to its low carbon nickel necessary for Tesla's batteries, Reuters reported.

Sat, 12 Sep 2020 05:24:54 GMT

Xerox CFO steps down

Xerox Holdings, the US printer maker, announced about William Osbourn, the Chief Financial Officer, departure effective September 30, adding the company was looking for a permanent successor.

Sat, 12 Sep 2020 04:14:04 GMT

Prada: China sales to date surpass 2019 levels

Prada's sales in China recovered since shops reopened in the country and to date rose beyond 2019 levels, CEO Patrizio Bertelli said.

Fri, 11 Sep 2020 20:45:50 GMT

IBM urges US on new export rules

IBM stated that the US should adopt new rules to limit the facial recognition systems' export to repressive regimes, which can be used to commit human rights violations.

Fri, 11 Sep 2020 20:00:35 GMT

German inflation rate stagnates

The German inflation rate remained unchanged at 0% in August, compared to the previous month, data published by the Federal Statistical Office show.

Fri, 11 Sep 2020 19:00:28 GMT

China FDI surges 18.7%

Foreign direct investment in China increased 18.7% to $12.3B in August, compared to the same period in 2019, the Ministry of Commerce reports.

Fri, 11 Sep 2020 18:24:02 GMT

Thailand cross-border trade declines 8.5%

Thailand's cross-border trade declined 8.5% in the first seven months of 2020, compared to the same period the previous year, the Foreign Trade Department reports.

Fri, 11 Sep 2020 17:12:18 GMT

Moody's: India economy to contract 11.5%

The economy of India is expected to contract 11.5% in the current fiscal year amid the pandemic, a statement published by the rating agency Moody's shows.

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